The selling rate of US dollar rose against the Jamaican dollar by 51 cents on Friday, with the rate dealers bought US dollar for 16 cents more than the closing rate at the close of the previous trading day.
On Friday, inflows of all currencies, totaled US$36.25 million, versus US$27.16 million on Thursday with the selling of US$42.96 million in contrast to US$35.35 million previously.
In US dollar trading, dealers sold US$40.82 million at J$128.40 each, at the close, compared to US$34.20 million at an average of J$127.99 on Thursday. Purchases of the US currency by dealers, amounted to US$34.14 million at an average of $126.47 at the close, compared US$25.25 million at an average of $126.31.
The selling rate on Friday, for the Canadian dollar dropped to J$96.87 from J$99.41 at the close on Thursday, the selling rate for the British Pound rose to J$176.89 from J$175.27 previously and the euro gained against the Jamaican dollar at J$156.35 to buy the European common currency, versus the prior selling rate of J$154.30.
Jamaican$ lost value on Friday
March 2, 2018 by
